Day-one IPO pops and pricing ranges are largely meaningless success metrics
Steve McDermott · a16z Podcast | On Recent IPOs and Comparing Private vs. Public Valuations · Jan 2, 2019 · at 36:50
Steve McDermott, a corporate development team member at Andreessen Horowitz, discusses how investors and public markets misjudge tech IPO performance based on initial trading fluctuations.
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“To evaluate the quality of an IPO based on whether it priced above or below the range, whether it had a pop on day one is, is largely meaningless.”
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